Schemes for Small Scale Sector

The Ministry of Micro, Small and Medium Enterprises (MSME) has been implementing various schemes and programmes for development and promotion of Micro, Small and Medium Enterprises (MSMEs) across the country. The major schemes / programmes include Prime Minister’s Employment Generation Programme (PMEGP), Credit Guarantee Scheme, Credit Linked Capital Subsidy Scheme (CLCSS), National Manufacturing Competitiveness Programme, Cluster Development Programme, Marketing Development Assistance, Skill Development Programmes, International Cooperation Scheme etc. 

The proposal of Ministry of MSME for setting up a dedicated fund in the name of ‘India Inclusive Innovation Fund’ has been approved by Cabinet. The fund aims to promote grass-root innovations with social returns as well as modest economic returns. This fund would, operate as a for-profit entity with a social investment focus. The India Inclusive Innovation Fund would back enterprises developing innovative solutions primarily for citizens who lie in the lower half of India’s economic pyramid, with limited physical and institutional access to basic services. The total corpus of this fund is proposed to be an initial minimum size of Rs.500 crore and maximum size of Rs.5, 000 crore with initial GOI contribution of Rs.100.00 crore. 

All plan schemes implemented by the Ministry of Micro, Small & Medium Enterprises are Central Sector Schemes. Therefore, funds are not allocated State-wise, under these schemes. 

This information was given by the Union Minister of Micro, Small and Medium Enterprises, Shri Kalraj Mishra in a written reply to a question in Lok Sabha here today.